Nexans: raises FY targets
(CercleFinance.com) - On announcing its interim results, Nexans has raised its guidance for FY 2022, now expecting EBITDA of 560 to 590 million euros, along with free cash flow of 200 to 250 million euros.
For H1 2022, the cable manufacturer boasts record net income, group share of 199 million euros, compared to just 81 million euros a year ago, along with EBITDA growth of 38% to 308 million euros.
The group achieved standard sales of 3.4 billion euros (4.34 billion euros at current metal prices), with organic growth of 5.1%, while it posted an adjusted order book for the power generation and transmission segment that rose by 51% to 2.2 billion euros.
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